ZTE Corp, another Chinese telecom gear vendor,also said

 in a statement that its products are ready for commercial use and it will acti

vely participate in the commercial deployment and construction of 5G netw

orks in China, and will work closely with industry partners to actively promote the application of 5G.

China is set to become the world’s largest 5G market by 2025, with 460 million 5G users, according to a forecast by the Glo

bal System for Mobile Communications Association, an industry group.

The country’s telecom carriers are expected to spend 900 billion

to 1.5 trillion yuan ($134 billion to $223 billion) in total on 5G network

construction from 2020 to 2025, according to a report from the China Academy of Information and Co

mmunications Technology.China’s Dragon Boat Festival, or Duanwu, is just ar

ound the corner. Also called the Double Fifth Festival, the holiday, which falls on J

une 7 this year, is celebrated on the fifth day of the fifth month of the lunar calendar.

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President’s Russia visit eyes global stabilityernational Coo

President Xi Jinping’s upcoming visit to Russia reflects close cooperation between China and Russia, which is impo

rtant to maintain the stability of the international community amid rising uncertainties, analysts said.

Xi will make a state visit to Russia from June 5 to 7 and attend the 23rd St. Petersburg Inter

national Economic Forum, Foreign Ministry spokesman Lu Kang announced on Wednesday.

The trip is part of the annual exchange of visits between the two countries’

heads of state, after Russian President Vladimir Putin attended the Second Belt and Road For

um for International Cooperation in Beijing in April and had talks with Xi on the sidelines.

The visit will further display the strength of bilateral ties, which are developing “very good” momentum both politically and

economically, said Ruan Zongze, vice-president of the China Institute of International Studies.

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The country will allow overseas investors to trade more

types of onshore commodity futures contracts without registering a Chinese entity, and will continuously improve the relate

d rules, Lu Dongsheng, an official with the China Securities Regulatory Commission, told a forum on Tuesday

Lu also announced other measures to develop China’s commodity fut

ures market, such as accelerating the launch of ricThe Shanghai Futures Exchange will open

up its nonferrous metals futures contracts to foreign investors, Jiang Yan, Party secretary of the exchange, said at the s

ame forum. The bourGuo Shuqing, head of the China Banking and Insurance Regulatory Commissiose will also list a n

ew type of futures contract, TSR20 Rubber, which will be available to both domestic and foreign investors, he sai

d.Lu also announced other measures to develop China’s commodity futures market, such as accelerating the launch of

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ery likely so. Only things may not go the way Wash

If they wanted a replay of what happened to ZTE, a Chinese company which relies heavily on outsider

technologies, they may never see it. Because Huawei is a dramatically different kind of business.

The Plan B Huawei has just revealed — a series of self-developed chips — is only part of what makes it an enterprise of strategic insight, and hence resilience. Over

time, that insight has rewarded it with a viable biosphere that its founder Ren Zhengfei believes will enable it to weat

her the storm. “Our growth may drop a bit in the wake of US restrictions, but negative growth is impossible,” said a confident Ren during a Tuesday inter

view with Chinese media, adding that Huawei has cultivated longstanding trust with industry partners.

That may be why, even after Google barred Huawei from some Android featur

es, Ren spoke highly of the Silicon Valley giant, praising it as a “good company”. That may

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Another major problem is that the return on equity in the

infrastructure sector is a mere 3 percent while that in the US capital market is about 12 percent. So how can the US attract more private capital to the infr

astructure sector without guaranteeing a return on equity equal to that in the capital market?

US suffering from a financial Dutch disease

The US’ monetary hegemony is itself a big impediment to the reindustria

lization process, which could be viewed as a sort of financial Dutch disease-the apparent causal

relationship between the increase in the economic development of a specific sector and a decline in other sectors. The mor

e heated the US stock market gets, the more serious the Dutch disease will become. And, ironically, the US leader is k

een on strengthening the stock market to showcase his political and economic track record.

Besides, the US administration cannot launch large-scale infrastructure construction projects, significantly redu

ce the trade deficit with China and deny Chinese investors access to its market all at the same time.

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Joefe Santarita, dean of the Asian Center at the Unive

rsity of the Philippines, said Asian values promote consensual approach and communitarianism

rather than individualism, and they prioritize social order and harmony as well as respect for elders, disc

ipline and a paternalistic state along with the primary role of government in economic development.

“Asian values are the salient ingredients on how to learn to work togeth

er through trust and consequently promote globalization,” Santarita told China Daily.

He cited China’s guanxi, a cultural concept that stresses deep personal connections and maintaining relations.

“Guanxi is a clear manifestation of a success story of a cultural element that is aptly applied in

the business sector. Trust is a fundamental element for Chinese businessmen who have engaged in co

mmercial partnerships and international trading systems for centuries,” he said.

Santarita said a similar concept can also be found in other Asian count

ries, citing the Philippines’ compadrazgo and Indonesia’s bapakism as examples.

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I was very much impressed by President Xi’s speech.

He mentioned China has come to the stage of harmonious development between man and nature.

We feel China is now beginning to attach importance to the natural

environment, so everyone can have a better living environment and the lives of the Chinese pe

could not agree more with President Xi on the great importance of green development and preservation of nature.

The state of the natural environment affects every living being, as well as the lives of future generations.

For instance, if one doesn’t take care of one’s eyes, one’s eyesight might reduce.

And if one disregards the quality of air one breathes, reduction might occur to one’s lifespan.

Thus green development is the cornerstone of the future.
We think this is a good thing.

The Chinese government is more concerned about the lives of ordinary people, and

the government will balance the development of industry and the quality of people’s lives.

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kely to attract millions of people across Chin

to skiing, skating and other winter sports, which in turn will promote more national and int

ernational winter sports events. With the aim to better develop winter sports, governments at all levels shou

ld issue policies to encourage more people, in particular, teenagers, to follow and play winter sports.

Besides, the government should learn from the experiences of Nordic countries how to increase the popularity of winter sports.

Li Hai, director of the School of Economics and Management, Shanghai University of Sport

Concerted efforts to develop winter sports

Winter sports have become increasingly popular in recent years, especially after China won the bid to host the 2022 Winte

r Olympics, creating a huge opportunity for the development of the winter sports industry.

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Xi’s speech draws positive reactions at Second Belt and Road

Editor’s note: President Xi Jinping delivered a keynote speech at the opening ceremony of the Second Belt and Road Forum for International Cooperation in Beijing

on Friday.China is going to open much more as it did before f

or foreign investment, and this is quite important for the whole initiative.

Here is a collection of comments from foreign ministers, delegates, and reporters attending the forum.

President Xi offered a vision of the Belt and Road Initiative t

hat inspires confidence in us, especially as small island developing states.

Facing challenges such as global warming and lack of development

financing, we in the Caribbean region welcome the opportunities presented by the initiative.

President Xi must be commended for his visionary leadership an

d his boldness in offering a new path for a brighter and shared future.

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Alibaba Group led China’s best employer list this yea

 followed by Baidu and ByteDance, according to the employment-oriented social networking platform LinkedIn.

The ranking list is based on feedback from LinkedIn’s more than 40 million users in China, taking fo

ur aspects into consideration — interest in the company, engagement with employees, job demands and employee retention.

Qualified companies must have had at least 500 employees as of Feb 1, 2018, and demonst

rate flat or positive employee growth over the following 12 months, based on LinkedIn’s data.

Among the top 25 companies to work for in 2019, 15 of them are technology companies, as the results showed.

Here is the top 10 list for best employers in China.

A traditional craft maker in Qinzhou, a city in South China’s Guangxi Zhuang autonomous

region, found a clue to boost popularity of its more-than-1,300-year-old workmanship. That is tourism.

Long Shaorong, vice-general manager with Qinzhou Nixing Pottery Arts Co Ltd, bets big on

tourism to beef up sales of Nixing pottery, one of the top four potteries in China, which originates from Tang Dynasty.

www.chechezhineng.cn